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  • Off Base, Part 2: The View from the CBO Baseline
    Release of the CBO Baseline is an annual ritual required by federal budget policy, pursuant to which the Congressional Budget Office projects spending on certain programs ten years into the unknowable future. CBO released its February 2026 baseline ahead of schedule, providing a new look at agricultural policy after enactment of major changes in the […]
  • Projected Incomes on Owned vs Rented Farmland for 2026
    Projections in the latest Illinois Crop Budgets suggest negative returns on cash rented farmland for the 2026 crop year (see farmdoc daily article from January 13, 2026).  This article compares…

Agriculture News

TRUMP THREATENS MORE TARIFFS ON MEXICO –

President Trump on Monday hinted more details were to come about a migration pact the U.S. signed with Mexico last week, saying another portion of the deal with Mexico would need to be ratified by Mexican lawmakers. He did not provide details but threatened tariffs if Mexico’s Congress did not approve the plan. “We do not anticipate a problem with the vote but, if for any reason the approval is not forthcoming, tariffs will be reinstated,” Trump tweeted. (Reuters)

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MEXICO TARIFFS CALLED OFF –

President Trump said on Friday that he has “indefinitely suspended” the threat of tariffs against Mexico after reaching a “signed agreement” on immigration. Under the deal reached on Friday, Mexico agreed to use a large part of its newly formed National Guard to hold back immigrants crossing from Guatemala, and to take in possibly tens of thousands of people seeking asylum in the U.S. while their cases are adjudicated. A New York Times report says Mexico and the U.S. agreed on most of these policies over the past few months, before Trump made his tariff threat. Trump denies the report.

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FARMWEEK PREVIEW –

Grab a copy of Monday’s FarmWeek to get details on next Thursday’s prevented plant webinar at 1 p.m.; third wettest May on record in Illinois; Sonya Harper, new chair of the Illinois House Agriculture and Conservation Committee, visits her adopted Christian County Farm Bureau members.

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PRECIPITATION PATTERN CONTINUES TO REWRITE RECORD BOOK –

Precipitation totals last month added up to the third-wettest May on record. The historically wet month has come to an end, wrapping up the fourth-wettest spring, following the sixth-wettest winter. Drier conditions prevailed for some of this week, but only 45 percent of corn has been planted as of June 2, compared with the five-year average of 100 percent. (FarmWeekNow)

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USDA PRESSED TO EASE COVER CROP RULES –

A bipartisan group of senators joined some Corn Belt farm groups in appealing to the Agriculture Department to ease restrictions on haying and grazing of cover crops. Crop insurance rules bar harvesting or grazing of cover crops on prevented planting acreage before Nov. 1. Farm groups, who want that date moved up, say that producers are already struggling to find adequate forage and feed. “Cover crops will be an important soil building and risk management tool on 2019 crop year acres prevented from being planted due to the extremely wet spring planting season,” the senators wrote. (Agri-Pulse)  

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US AND MEXICO: MORE TALKS, NO DEAL YET TO AVERT TARIFFS –

Ending a second day of tense negotiations, U.S. and Mexican officials failed Thursday to reach a deal to avert import tariffs President Trump is threatening to impose Monday. The tariffs are an attempt to force Mexico to stem the flow of Central American migrants across the southern U.S. border. Trump has stated he will impose a 5 percent tax on all Mexican goods until “the illegal immigration problem is remedied.” (Associated Press)

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